China's property crisis burns middle class stuck with huge loans - CNA

China’s deepening property bust is sending shock waves through the nation’s 400-million-strong middle class, upending the belief that real estate is a surefire way to build wealth. Now, as property developments stall across the country and house prices fall, …

In China, where disposable income per capita is just a fraction of that in the US, it often takes years of savings to afford an apartment, which normally costs a few million yuan in main urban center… [+2363 chars]

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